Fundamental Analysis Monday saw Ripple (XRP) incur losses for the second straight day, breaking below the crucial psychological support level of $0.60. This fall in the value of XRP Ledger's native currency seems to have been sparked by a selling...
GBP/USD D1 chart Using the price action analysis technique, it can be seen that the price is forming a candlestick pattern that indicates rejection in the resistance area. If we see candlestick formations such as pin bars or doji in this area, it...
NZD/USD H1 chart I am looking at the New Zealand Dollar USD pair on the hourly chart. The pair broke the resistance at 0.60638 and then the Bank of New Zealand spoke here. As the pair moved lower, the Bank of New Zealand cut interest rates, which...
EUR/JPY H1 chart ECB’s Position: On the European front, ECB policymaker Martins Kazaks was ready to discuss another interest rate hike at the September meeting. The ECB has been combating high inflation in the Eurozone, with previous rate hikes to...
USD/JPY D1 chart Our current focus is evaluating the price action of the USD/ JPY currency pair. The Japanese yen continues its strengthening trend against the US dollar, with a clear downtrend forming on the USD/JPY weekly chart. According to...